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Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Not to be outdone by Colorado and Maine, likely IL will kick Trump off of the ballot simply for the Virtue Signaling media points that it will give to Pritzker and his 2024 Presidential run. Ultimately Kawumie will waste still more IL taxpayer money in a failed political theater but Pritzker will get his national media while it lasts.
LOL, they don’t care. The current punditry wisdom is that lawfare is going to decide this election. Who knows, maybe Trump won’t be on the ballot in the 5 most important swing states?
My guess is that Biden is going to declare that he won, no matter what, refuse to leave office, until the Supreme Court demands he leave….we’ll have two sworn in presidents at the same time….Trump can be president of the red states, Biden will try to remain president of the blue states..